GRANT MANAGEMENT
Sponsors are to be congratulated for their efforts in completing projects and closing out grants in a timely manner. At the beginning of the fiscal year, there were 493 open grants. During the year, 184 new grants were issued and 185 grants were closed out. Of the grants closed out, 54 were issued prior to fiscal year 2004. This resulted in closing all but six grants that were four or more years old. Also, sponsors either closed or reactivated 100% of grants that were inactive (no drawdowns for 18 months). We are proud of the efforts the Central Region sponsors have made in being good stewards of the AIP funds. Below is a chart depicting the number of grants open, the number of grants four or more years old, and the number of grants for which there have been no financial drawdowns for 18 months or more at the end of fiscal years 2004 through 2007. With your help, we can continue this trend of timely closeouts.
| Item | FY-2005 | FY-2006 | FY-2007 |
|---|---|---|---|
| Open Grants | 466 | 493 | 492 |
| Four-Year Old Grants | 2 | 3 | 6 |
| Grants inactive for 18-months | 0 | 1 | 0 |
